why some countries are prohibit BTC...

[WeedGoW]

Because BTC threaten the fiat currency issues by the state or the country. Think about that, it was no different if some one try to print a new money and everyone to use it instead the state's fiat. It will cause inflate and collapse of the economics of that country or state.

[zchprm]

They say that some people use cryptocurrency in shady transactions and terrorism.

[leea-1334]

From your statement alone it seems pretty evident that you do not fully understand geography, geopolitics and therefore should be very careful with the statements you make. You say Arabic countries (I guess you mean Middle East nations) but the biggest one of them all, Saudi Arabia, is extremely Bitcoin friendly. Dubai is trying to be one of the international hubs for blockchain, crypto, and therefore Bitcoin.

You have to understand the caution and suspicion for new tech that the banks and finance ministries are still trying to understand. Well, even here on this forum 99% of us are trying very hard to understand Bitcoin!

[NEERAJ ANAND]

Many countries are banning bitcoin because they are afraid from his high growth as no investment can match its growth and it is now first choice of people for long term.

[A L I E N]

Cryptocurrency is prohibited in many countries as it is the mechanism that can easily ruin the bank system. If people use altcoins and BTC to pay for services, they do not pay taxes. Who will like it? However, each country has its own bans of crypto.

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

[junjunsalsalani]

Because cryptocurrency like BTC is a killing poison for the banks,cryptocurrency was made for decentralization of currency to give us free will and to reversing what fiat currency is doing to the world.

[cryptoalfs76]

speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this

Some other countries probihited btc,because they thinks it is competition of there traditional business and they thinks bitcoins can ruin there  local  business while the government cannot take income tax in bitcoin because it not regulated, unlike in the traditional business that government can control the market  price value,this is the reason why they did not allowed bitcoin to work  in there country.

[modtakels]

Because banks believed that crypto will poison them,eventually people wont care about banks and will put their money to cyptos thats why other countries banned it.

[Gloria_16]

Because, crypto currency is not required by the state, state banks become unnecessary, it is not profitable therefore some countries are against)

[Frizz23]

I think they are afraid of their assets, Bitcoin is something new, something that they don't understand and maybe dangerous for traditional business.

[Hichi]

it's fear basically, all these governments are afraid that BTC will take over and no one will trade their useless FIAT printed money. It kinda makes sense for regulators to be afraid with it, because they use money to basically adjust the economy, they can print more money and bring more cash to circulation to adjust inflation/deflation, and with Bitcoin they don't have these kind of options, because Bitcoin is decentralized and generally can't be adjusted (the supply is limited). There is a good chance that governments will issue their own cryptocurrencies, but adopting BTC is something that we will never happen, maybe they will legalize it but it will never replace the government issued money (most likely it will just change form, it will become digital money/crypto coin - but still controlled by the government).

[WUUEX79]

speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this

Because ,There are risks that can harm the state.
In terms of the use, bitcoin could be used to ilegal operations, such as :
Money laundering,
to fund crime or illicit terrorist activity,
Other reason is that it can be a route to circumvent capital controls and tax.

[NPG331525]

Cryptocurrency is such a revolution. In every revolution, the big one will afraid of what will happen to them. Banning is a reaction of their fear.

[Satish147]

Because some of the countries are getting fear

Bitcoin can replace their central bank backed Fiat currencies like USD, INR, EURO, YEN

Recently, China banned crypto exchanges and ICOs

But Japan is in forefront of Crypto market.

[St4yInTh3D4rk]

speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this

Yeah some of the countries are started to fear that bitcoin will make problem in country's economy because we knows that no taxes can be made on bitcoins so people who investing on crypto currency no need to pay any taxes for their country so decided to stop the crypto currency in their country.
But this is not only the reason for banning bitcoins the main reason is that bitcoin can be used for illegal activities so they think that their country will be filled with crimes if they allow crypto currency.

[Raist]

If you have BTC on the territory of your country instead of your fiat you will immediately lose the control of tax income and lose the political power as a consequence.
It does not deny that fact that today's monetary fiat system is a huge condom pretending to be an airship.

[alarsincoin]

Some countries prohibit bitcoin because they fear that the crypto currency will replace the national currency. This will cause great damage to the economy of the country. People will not pay taxes and social inequality will worsen

[crypto_bit]

Some countries prohibit bitcoin because they fear that the crypto currency will replace the national currency. This will cause great damage to the economy of the country. People will not pay taxes and social inequality will worsen

I'm sure most of the countries officials perceive cryptocurrencies as bubble and total bullshit. If somebody tolds you about Dogecoin what would you think? xD
Distributed ledger technology which is more and more often used by companies are the other thing and it's possible governments are under regulation pressure arising from private companies sector. Private sector wants regulations because they want to use crypto and other blockchain related stuff without legal fear. So governments say ok... but we don't understand all this stuff. You ban what you don't understand.

[nogoodcoin]

Bitcoin has a decentralized structure, and what these states are most afraid of and least liked. That's why banks and states do not like Bitcoin.

[Marvell1]

Cryptocurrencies are a very serious threat for an any government and bank system. But there is a funny moment about the prohibition of cryptos... They are spread much better in countries where they are prohibited